Rate Of ReturnAug 11 at 11:13 PM
$NIO Inc(NIO.US) Nio Inc saw its July deliveries become increasingly concentrated in 2 large premium SUVs. The ES8 and ES9 delivered a combined 16,603 units, accounting for 83% of the main Nio brand's 20,008 deliveries and 46% of Nio Inc's overall 35,934 deliveries, according to China Passenger Car Association (CPCA) data compiled by CnEVPost. The ES8 delivered 10,288 units in July, returning above the 10,000-unit monthly mark and rising 14.7% from 8,969 in June. Nio had previously disclosed a figure of 10,286 units on Weibo, a minor difference of 2 units from the CPCA data. The rebound was driven by the 5-seat version. The variant was launched on July 9 and deliveries began the following day, unleashing previously pent-up demand. Cost pressures, however, are beginning to emerge. Founder, chairman and CEO William Li said on July 10 that rising raw-material prices had increased the cost of each ES8 by nearly 20,000 yuan. He said the company was working with supply-chain partners to offset some of the increase in an effort to keep prices stable. This remains one of the bigger challenges amongst a highly concentrated EV market in China, while Nio has to also continue to find a way to reach global markets. @Captain's Treasure
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